Official Market
The Naira strengthened significantly against the dollar at the foreign exchange market on Friday, ending the week on a high note. According to FMDQ data, the Naira gained N103.38 to close at N1,546.41 per dollar, up from N1,649.79 the previous day.
Black Market
In contrast, the Naira depreciated by N10 to N1,665 per dollar in the black market on Friday, down from N1,655 the previous day.
Market Volatility
The currency recorded both gains and losses, reflecting the ongoing volatility in the foreign exchange market.